iCar Asia Limited announced unaudited consolidated and parent earnings results for the year ended December 31, 2019. For the period, the consolidated company reported revenues from ordinary operations was AUD 14,841,298 against AUD 11,555,944 a year ago. Loss after tax attributable to members was AUD 10,786,557 against AUD 13,606,453 a year ago. Loss per share (basic & diluted) was 2.65 cents against 3.57 cents a year ago. Operating loss was AUD 10,243,143 against AUD 13,795,231 a year ago.

For the year, the parent company reported loss after income tax was AUD 8,949,309 against AUD 59,880,142 a year ago.

The outlook for 2020 remains promising with revenue currently expected to grow by at least 50% over the 2020 year. This will be achieved through consistent growth of the Group's core businesses, and the contribution from the Carmudi business for a full year.